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Dutch Bros BROS Gift card and loyalty programs — Contract with Customer, Liability

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Other financials

Income statement

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Revenue$550.9M+32.5%
Gross profit$151.1M+25.8%
Operating income$70.4M+28.8%
Net income$37.4M+46.0%
EPS (diluted)$0.28+40.0%

Balance sheet

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Cash & equivalents$268.6M+5.6%
Total debt$1.2B+21.4%
Total equity$797.7M+25.4%
Total assets$3.4B+20.1%

Cash flow

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Operating cash flow$112.2M+24.8%
CapEx$72.3M+33.3%
Free cash flow$39.9M+11.9%

Valuation

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Market cap$9.01B+22.8%
Enterprise value$9.93B+23.2%
P/E97.5×-30.6×
P/S4.8×-0.3×

Profitability

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Gross margin25.1%-1.6pp
Operating margin9.6%+0.3pp
Net margin4.9%+1.0pp
FCF margin5%0.0pp

Returns & leverage

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Return on equity12.9%+2.9pp
Debt / equity1.5×0.0×
Current ratio1.4×-0.3×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Dutch Bros’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001866581-26-000133
(in thousands)June 30, 2026December 31, 2025
Gift card and loyalty programs$50,155$62,014
Initial unearned franchise fees and other13,5292,562
Total deferred revenue$53,684$64,576

Item 1. Financial Statements (Unaudited)

FAQ

What is Dutch Bros's gift card and loyalty programs — contract with customer, liability?
Dutch Bros (BROS) reported gift card and loyalty programs — contract with customer, liability of $50.16M in Q2 2026.
How has Dutch Bros's gift card and loyalty programs — contract with customer, liability changed year-over-year?
Dutch Bros's gift card and loyalty programs — contract with customer, liability increased by 2.8% year-over-year, from $48.78M to $50.16M.
What does gift card and loyalty programs — contract with customer, liability mean?
This metric represents the outstanding balance of funds loaded onto gift cards and the estimated value of unredeemed loyalty program rewards that the company is obligated to fulfill. It reflects a deferred revenue liability where cash has been collected from customers in advance of the delivery of goods or services. As customers redeem these credits for beverages, the liability is reduced and revenue is recognized.

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